Investfit’s predictive analytics will be integrated with FinPal’s financial planning software, which will enable advisers to generate modelling results in minutes, according to a statement from FinPal chief executive Stephen Handley.

He said the integration will significantly increase client satisfaction and adviser efficiency.

“Because our system uses open APIs, we’re able to connect to technologies like Investfit very easily, which will dramatically reduce the time taken to generate advice,” Mr Handley added.

Investfit co-founder James Claridge said, “The FinPal system already stores all the data our system needs. So connecting the two systems and allowing data to flow between them was a logical next step.”

Both companies have completed the integration and are now conducting beta tests with clients.